BCE, Inc. $BCE Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC reduced its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,693,693 shares of the utilities provider’s stock after selling 696,172 shares during the quarter. BCE makes up about 1.5% of Cullen Capital Management LLC’s holdings, making the stock its 29th largest holding. Cullen Capital Management LLC’s holdings in BCE were worth $135,624,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BCE. Canerector Inc. increased its stake in BCE by 3,152.0% in the 3rd quarter. Canerector Inc. now owns 8,130,000 shares of the utilities provider’s stock valued at $190,161,000 after buying an additional 7,880,000 shares during the period. Norges Bank acquired a new position in BCE in the 4th quarter valued at $91,811,000. Caisse de depot et placement du Quebec increased its stake in BCE by 9.7% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 34,107,306 shares of the utilities provider’s stock valued at $797,161,000 after buying an additional 3,024,110 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in BCE by 15.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 16,212,538 shares of the utilities provider’s stock valued at $378,981,000 after buying an additional 2,206,385 shares during the period. Finally, Bessemer Group Inc. increased its stake in BCE by 2,674,985.3% in the 4th quarter. Bessemer Group Inc. now owns 1,819,058 shares of the utilities provider’s stock valued at $43,424,000 after buying an additional 1,818,990 shares during the period. 41.46% of the stock is owned by institutional investors and hedge funds.

BCE Stock Performance

NYSE:BCE opened at $24.57 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.84. BCE, Inc. has a fifty-two week low of $21.58 and a fifty-two week high of $26.52. The stock has a market cap of $22.91 billion, a PE ratio of 4.99 and a beta of 0.50. The firm’s fifty day simple moving average is $24.22 and its 200-day simple moving average is $24.52.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. BCE had a net margin of 25.66% and a return on equity of 13.87%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Analysts expect that BCE, Inc. will post 1.9 earnings per share for the current fiscal year.

BCE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.1%. BCE’s dividend payout ratio is 26.02%.

Analyst Upgrades and Downgrades

BCE has been the topic of a number of recent analyst reports. TD Securities cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada upped their price target on shares of BCE from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BCE in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.67.

About BCE

BCE Inc (NYSE: BCE) is a Canadian communications, media and entertainment company that operates through its primary subsidiaries, including Bell Canada and Bell Media. As a large integrated telecommunications provider, BCE delivers a broad range of connectivity services and content to residential, business and wholesale customers across Canada. The company combines network infrastructure with media assets to offer bundled communications and entertainment solutions.

On the services side, BCE provides fixed-line and wireless voice services, mobile data, high-speed internet, fibre and broadband access, and television services through platforms such as Bell Fibe and Bell TV.